Sri Lankan shares closed lower on Monday, dragged down by losses in industrial, financial and consumer staple stocks.

Conglomerate John Keells Holdings Plc and investment firm Carson Cumberbatch Plc were the top drags on the index, falling 2.3% and 6.3%, respectively.

Investment firm Browns Investments Plc and insurance underwriter Ceylinco Insurance Plc were the top boosts to the index, rising 4.4% and 2.8%, respectively.

Trading volume on the CSE All Share Index, when compared to the last full trading day, was 32.8% lower at 70.61 million.

Foreign investors were net sellers in the equity market, offloading 85.8 million rupees ($465,545.31) worth of shares, according to exchange data.

The Sri Lankan rupee was last quoted at 184.3 against the US dollar as of 1202 GMT, according to Refinitiv data.